Cryptocurrency analyst Michaël van de Poppe evaluated the current state of the altcoin market and its future prospects. Van de Poppe argued that in current market conditions, the traditional 4-year cycle approach is no longer valid. “The markets are still bad, we are experiencing the longest bear market in altcoins,” said the analyst, noting that his own altcoin portfolio has lost more than 50% of its value, but that this could signal a turning point for the market. Related News: Major US Company Files ETF Application for XRP: But This Time It's Different Van de Poppe criticized the Web3 community for still adhering to the 4-year cycle, saying: The four-year cycle is no longer valid. Bitcoin has become a mature asset. The money flows that come with ETFs are no longer tied to the four-year cycle. Furthermore, this cycle is different from all previous cycles. Bitcoin hit an ATH before the halving, while altcoins have never experienced such a deep bear period. The analyst said that the investment strategy should be based on price and risk management, not time: “Time-based strategies will lead to major mistakes. Instead, a strategy based on price, indicators, and risk is needed.” Van de Poppe noted that Ethereum (ETH) closing above the 20-EMA on the daily chart is the first strong bullish signal for altcoins: “This was the first breakout since the beginning of the bear market. The last time a similar situation occurred was in September 2019.” According to the analyst, interest rate cuts and monetary expansion following the weakness in the economic cycle will provide a significant influx of liquidity into the crypto market: “Interest rate cuts are coming, money printing will begin. There will be a significant inflow of money into crypto. Therefore, relying on the four-year cycle is a mistake.” Van de Poppe stated that the current cycle may be the last easy period for investors, but cautioned that patience is needed: “The next Bitcoin peak will be the peak of everything, and then the greatest economic depression in history will begin.” The analyst concluded his remarks by stating that he will continue to hold the altcoin in his portfolio: Altcoins are starting to breakout. Many are about to break above the 20-day EMA. This is a clear indicator of the start of a bull cycle. My portfolio is down 50%, but I expect a significant rally when the markets turn. *This is not investment advice. Continue Reading: Analyst Who Claims to Have Lost Half His Wealth Discusses the Start of the Altcoin Season
